NORTH SHELBY LIBRARY DISTRICT A PU… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Principal Officer

KASANDRA STEVENS

Phone

2054395500

Tax Period

2023-10-01 to 2024-09-30

NORTH SHELBY LIBRARY DISTRICT A PUBLIC CORPORATION, founded in 1988, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2023.

Mission

TO SERVE ALL CITIZENS IN THE NORTH SHELBY DISTRICT BY OFFERING LIBRARY SERVICES, RESOURCES AND FACILITIES TO FULFILL THEIR EDUCATIONAL, INFORMATION, CULTURAL AND RECREATIONAL NEEDS AND/OR INTERESTS.

Program Service Accomplishments

Program 1

Expenses: $1,304,177 Revenue: $86,112

ASSESSMENTS AND FINES ARE USED FOR GENERAL LIBRARY OPERATIONS INCLUDING SERVING APPROXIMATELY 97,000 PEOPLE IN THE NORTH SHELBY LIBRARY DISTRICT. STATE AID IS USED FOR SPECIFIC PURPOSES SUCH AS...

ASSESSMENTS AND FINES ARE USED FOR GENERAL LIBRARY OPERATIONS INCLUDING SERVING APPROXIMATELY 97,000 PEOPLE IN THE NORTH SHELBY LIBRARY DISTRICT. STATE AID IS USED FOR SPECIFIC PURPOSES SUCH AS PURCHASING BOOKS AND FIXED ASSETS AND PAYING FOR THE RELATED SHIPPING.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,503,076

Program Service Revenue $86,112

Investment Income $62

Other Revenue $5,892

TOTAL REVENUE $1,595,142

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,029,158

Fundraising Expenses $0

Program Expenses $1,304,177

Other Expenses $622,432

TOTAL EXPENSES $1,651,590

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,595,142	$1,498,603	+0.1%
Expenses	$1,651,590	$1,655,554	0.0%
Net Income	$-56,448	$-156,951	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MORGAN BARNES	PRESIDENT - PRIOR TO JULY 1, 2024	1.00	Officer Director	$0	$0	$0
ANN PRICE	VICE PRESIDENT - PRIOR TO JULY 1, 2024	1.00	Officer Director	$0	$0	$0
KAY KELLEY	TREASURER - PRIOR TO JULY 1, 2024	1.00	Officer Director	$0	$0	$0
BETH RONILLO	SECRETARY - PRIOR TO JULY 1, 2024	1.00	Officer Director	$0	$0	$0
TIM RYANS	BOARD MEMBER - PRIOR TO JULY 1, 2024	1.00	Director	$0	$0	$0
KASANDRA STEVENS	PRESIDENT - JULY 1, 2024 - PRESENT	1.00	Officer Director	$0	$0	$0
PAUL GARRIS	VICE PRESIDENT - JULY 1, 2024 - PRESENT	1.00	Officer Director	$0	$0	$0
ANDREW MARTIN	TREASURER - JULY 1, 2024 - PRESENT	1.00	Officer Director	$0	$0	$0
REBECCA JOHNSON	SECRETARY - JULY 1, 2024 - PRESENT	1.00	Officer Director	$0	$0	$0
SAM GASTON	BOARD MEMBER - JULY 1, 2024 - PRESENT	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$1,595,142	$1,651,590	$2,648,135	$-56,448
2023	$1,498,603	$1,655,554	$2,776,619	$-156,951
2022	$1,559,190	$1,706,179	$2,809,920	$-146,989
2021	$1,396,706	$1,447,163	$3,459,259	$-50,457
2020	$1,365,870	$1,403,637	$2,723,817	$-37,767
2019	$1,364,675	$1,411,057	$2,607,429	$-46,382
2018	$1,294,728	$1,289,032	$2,717,131	$5,696

NORTH SHELBY LIBRARY DISTRICT A PUBLIC CORPORATION